Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The ITAT held that the order passed by the Commissioner of Income Tax (Appeals) [CIT(E)] u/s 263 of the Income Tax Act was quashed. The notice issued u/s 263 was not validly served on the assessee, either through registered post or email, before the hearing date. The notices were served only after the hearing date, violating the principles of natural justice. Additionally, the CIT(E)'s order was passed after the two-year limitation period prescribed u/s 263(2) had expired. Relying on the judgments of M L Chains and Tulsi Tracom (P) Ltd., the ITAT ruled in favor of the assessee, quashing the CIT(E)'s order due to invalid service of notice and the expiry of the limitation period.
The ITAT held that the order passed by the Commissioner of Income Tax (Appeals) [CIT(E)] u/s 263 of the Income Tax Act was quashed. The notice issued u/s 263 was not validly served on the assessee, either through registered post or email, before the hearing date. The notices were served only after the hearing date, violating the principles of natural justice. Additionally, the CIT(E)'s order was passed after the two-year limitation period prescribed u/s 263(2) had expired. Relying on the judgments of M L Chains and Tulsi Tracom (P) Ltd., the ITAT ruled in favor of the assessee, quashing the CIT(E)'s order due to invalid service of notice and the expiry of the limitation period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
